Operating Expense Estimate definition

Operating Expense Estimate has the meaning given such term in Section 5.2(c)(iii).
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Operating Expense Estimate shall have the meaning set forth in Subsection 2B below.
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Operating Expense Estimate has the meaning given such term in Section 5.2(c)(iii). TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).
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Examples of Operating Expense Estimate in a sentence

  • The Monthly Operating Expense Estimate for a period less than a full calendar month shall be duly prorated.

  • Until the Operating Expense Estimate for any Operating Year is furnished by Landlord, Tenant shall continue to pay monthly installments on account of such Operating Year's Operating Expense Adjustment based upon the last Operating Expense Estimate provided by Landlord to Tenant.

  • If the Term expires prior to the Expense Share Date for the applicable Operating Year and if Tenant’s payments of Monthly Operating Expense Estimate either exceed or are less than Tenant’s Expense Payment, Landlord shall send the Operating Expense Statement to Tenant, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Expense Share Date.

  • If the term of the Lease has expired prior to the Expense Share Date for the applicable Operating Year and if Tenant's payments of Monthly Operating Expense Estimate either exceed or are less than Tenant's Expense Payment, Landlord shall send the Operating Expense Statement to Tenant, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Expense Share Date.

  • Tenant shall pay to Landlord, on account of the Operating Expense Adjustment for each Operating Year, monthly installments in advance equal to one-twelfth (1/12) of the estimated Operating Expense Adjustment for such Operating Year (the "Operating Expense Estimate").

  • Rent is payable by Tenant beginning on the Commencement Date in monthly installments of one-twelfth (1/12th) of the Annual Fixed Rent and one-twelfth (1/12th) of the Operating Expense Estimate, without prior notice or demand, and without any set-off or deduction whatsoever, in advance, on the first day of each month at Landlord's office or at such other place as Landlord may direct in writing.

  • If the Term of the Lease has expired prior to the Expense Share Date for the applicable Operating Year and if Tenant’s payments of Monthly Operating Expense Estimate either exceed or are less than Tenant’s Expense Payment, Landlord shall send the Operating Expense Statement to Tenant, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Expense Share Date.

  • From and after , Tenant shall pay to Landlord, on account of the Operating Expense Adjustment for the current Operating Year, monthly in- stallments in advance equal to one-twelfth (1/12) of the estimated Operating Expense Adjustment for such Operating Year (the "Operating Expense Estimate").

  • Landlord shall submit to Tenant a calculation showing Tenant’s Monthly Operating Expense Estimate on the basis of such final Operating Budget.

  • If the Term expires prior to the Expense Share Date for the applicable Operating Year and if Tenant’s payments of the Monthly Operating Expense Estimate exceed Tenant’s Expense Payment, Landlord shall send the Operating Expense Statement to Tenant, and a refund from Landlord to Tenant shall be made on the Expense Share Date.


More Definitions of Operating Expense Estimate

Operating Expense Estimate means and equal the amount set forth in Section 1 of this Lease multiplied by the rentable area of the Leased Premises.
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Operating Expense Estimate shall have the meaning set forth in Section 13.05.
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Operating Expense Estimate. Lessee's Operating Expense Estimate is $3.74. -----
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Operating Expense Estimate shall have the meaning set forth in Section 13.05. 1.42 "Opamp Facilities" shall mean facilities to optically amplify lit fibers as more particularly described on Exhibit "I". 1.43 "Option Right" shall have the meaning set forth in Section 6.01. 1.44 "Person" shall mean any natural person, corporation, partnership, limited liability company, business trust, joint venture, association, company or government, or any agency or political subdivision thereof. 1.45 "Phase" shall mean Phase One, Phase Two or Phase Three. 1.46 "Phase One" shall have the meaning set forth in Section 2.04. 1.47 "Phase Two" shall have the meaning set forth in Section 2.04. 1.48 "Phase Three" shall have the meaning set forth in Section 2.04. 1.49 "Pinch Event" shall have the meaning set forth in Section 7.02. 1.50 "Proprietary Information" shall have the meaning set forth in Section 23.01. 1.51 "Recurring Charges" shall mean the ROW Charge and the Operating Expense Charge. 1.52 "Regeneration Facilities" shall mean facilities to regenerate the signal of lit fibers as more particularly described on Exhibit "I". 1.53 "Required Rights" shall have the meaning set forth in Section 6.01. 1.54 "Required Right Payment" shall mean any payment which Grantor is required to make to the grantor or provider of a Required Right pursuant to the terms of the instrument governing such Required Right.
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Operating Expense Estimate has the meaning assigned to that term in Section 6B(i).
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Related to Operating Expense Estimate

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following: